Steel News

Hertwich Receives Orders for Ultrasonic Inspection Stations, Batch Homogenizing Facility

16 November 2010 - Hertwich Engineering has been awarded four orders for ultrasonic billet inspection stations, all of them of helical type for volume inspection. Dubai Aluminium Co. Ltd. also placed an order with Hertwich Engineering for the supply and commissioning of a batch homogenizing facility.

Evraz Reports Nine-Month, Q3 Results

16 November 2010 - Evraz Group S.A. reported that revenue for the nine-month period ended September 30, 2010, was US$9,729 million and adjusted EBITDA was US$1,766 million, with adjusted EBITDA margin of 18.2%.

JFE Steel, Maruichi Steel Tube, and Toyota Tsusho to Acquire Spiral Steel Pipe Maker

16 November 2010 - JFE Steel Corp., Maruichi Steel Tube Ltd., and Toyota Tsusho Corp. announced that they will wholly acquire Vietnamese spiral steel pipe manufacturer Jeong An Vina Co., Ltd. for about 18 billion won (about 1.3 billion yen) from Jeong An Steel Co., Ltd. of South Korea.

Posco, Daewoo to Cooperate on Materials Development

15 November 2010 - Posco and Daewoo International announce plans to cooperate in the field of materials, including the development of rare materials.

ArcelorMittal Mails Offer, Circulars to Baffinland for Takeover

15 November 2010 - ArcelorMittal has mailed to Baffinland Iron Mines Corp. security holders its offer and takeover bid circular and Baffinland's directors' circular in connection with the previously announced supported takeover bid to be made by ArcelorMittal for all of Baffinland's outstanding common shares and all outstanding common share purchase warrants issued pursuant to a warrant indenture dated January 31, 2007.

Outokumpu Delivers Steel for Mexican Monument

15 November 2010 - Mexico is building a 104-meter-high monument in central Mexico City to celebrate its 200 years of independence. The stainless steel for the "Estela de Luz" ("Trail of light") monument will be delivered by Outokumpu to the project's main contractor Euroguarco in Italy.

NLMK Reports Q3 2010 RAS Financial Results

15 November 2010 - Novolipetsk Steel has announced its Q3 2010 Russian Accounting Standards (RAS) financial results for its major companies. In Q3 2010, NLMK (the main production site) and NSMMZ (the main Long Products Division company) reported revenue increases to RUR47.8 billion and RUR9.3 billion, respectively.

Tata Steel Declares Q2, First-Half Results

15 November 2010 - During the first half of the financial year 2010-11 (H1 FY’11) ending September 30, 2010, Tata Steel Group recorded profit after tax of Rs 3,804 crores (US$847 million) compared to a loss of Rs 4,916 crores (US$1.09 billion) in H1 FY’10. The Group’s profit after tax for Q2 FY’11 of  Rs 1,979 crores (US$440 million) was around 8.5% higher than the profit of Rs 1,825 crores (US$406 million) in Q1 FY’11.

Outokumpu Recognized for Corporate Responsibility

12 November 2010 - Outokumpu's corporate responsibility reporting for 2009 was ranked third in the Finnish corporate responsibility reporting review. For the 2007 and 2008 reports, the company's reporting was ranked first.

ArcelorMittal Supports Special Economic Zone in Krakow

12 November 2010 - A letter of intent concerning the evaluation of possibilities for creating a special economic zone in Krakow’s Nowa Huta District was recently signed by the Malopolska Region’s Governor, the Małopolska Agency for Regional Development, and the region’s biggest investor, ArcelorMittal Poland, owner of a part of the land to be dedicated to the creation of the zone.

Praxair India to Supply Tata Steel with Nitrogen

12 November 2010 - Praxair India has been associated with Tata Steel’s Jamshedpur facility since 2005 and has built three air separation units with a total capacity of 2625 tonnes per day that supply gaseous oxygen, nitrogen, and argon. Tata Steel has contracted Praxair India for an additional 600 tonnes per day of high-pressure gaseous nitrogen.

Intensive-Cooling Unit from Siemens at ThyssenKrupp Rolling Mill

12 November 2010 - Siemens VAI Metals Technologies will install a new intensive-cooling unit in the Hot-Strip Mill 2 of ThyssenKrupp Steel AG in Duisburg-Beeckerwerth, Germany. The unit is scheduled to commence operation in December 2010.

Mechel Signs Agreement of Intent with Posco

11 November 2010 - Mechel OAO recently signed an Agreement of Intent with Posco to establish a mutually beneficial long-term strategic partnership between the companies. The companies intend to examine and possibly implement projects in Russia, the Republic of Korea, and third-world countries.

ArcelorMittal Monlevade Orders Two-Strand Wire Rod Mill from SMS Meer

11 November 2010 - ArcelorMittal Monlevade has reinstated an order originally placed with SMS Meer in 2008 for the supply of a single-strand, high-performance wire rod mill with the option of expansion to two strands. The original expansion option for two strands is to be implemented immediately.

Converteam to Provide Engineering for Indian Plate Mill

11 November 2010 - Danieli has awarded Converteam a contract for major electrical engineering products and services for a new steel plate mill in India. The new Rourkela plate rolling facility for Steel Authority of India (SAIL) is expected to be fully operational in less than three years.

Essar Selected as Preferred Bidder for ZISCO

10 November 2010 - Essar Africa Holdings Ltd. has received official notification from the Government of Zimbabwe (GOZ) for its selection as the preferred bidder to purchase GOZ’s 60% equity interest in Zimbabwe Iron and Steel Co. (ZISCO).

ArcelorMittal Conducts Automotive Research Program

09 November 2010 - ArcelorMittal recently unveiled the results of its "S-in motion" automotive research program, the portfolio of which comprises a range of more than 60 Press-Hardened Steel and Advanced High-Strength Steel solutions that can be implemented in vehicles today.

SMS Siemag Starts up X-Cast Slab Caster at Salem Steel Plant

09 November 2010 - SMS Siemag has put into operation a single-strand X-Cast® slab caster for Salem Steel Plant, who will use the new slab caster to produce various grades of stainless steel slabs.

Posco, Nissan Enhance Partnership

09 November 2010 - Posco recently hosted the first technology-development meeting with the Japanese automaker at the Gwangyang Works’ R&D center. Representatives from Posco and Nissan discussed some common fields of interest, such as the use of high-strength steel for outer panels.

ArcelorMittal Orbit for 2012 Olympics is under Construction

08 November 2010 - A recent groundbreaking ceremony at the future Queen Elizabeth Olympic Park marked the start of construction work on the ArcelorMittal Orbit, which is expected to be completed and handed over to the Legacy Company by March 2012.